9.13.21
4 min. read

Ten stealthy health tech funding deals. New Puzzle

Issue 039

Welcome back to E&O Mondays, the free newsletter from Exits & Outcomes that features health tech puzzles and trivia, new and under-the-radar funding news, paid content teasers and other digital health odds and ends.

 E&O Mondays.

In this issue:

  • Ten under-the-radar or not-yet-reported health tech funding deals.
  • And a brand new Health Tech Rebus Puzzle.
  • But wait: If this was forwarded your way, why not sign up as a paying subscriber to E&O by clicking right here…

Ten secret (or under-reported) health tech funding deals from the past two weeks

Instead of rehashing the dozens of funding deals you’ve already read elsewhere, I focused this week on a number of deals that you likely have not yet read about. (These are all first in E&O — as far as I can Google.)

Keep in mind: These rounds are currently unannounced so the full amount the company raises and eventually announces may be higher than the numbers below.

$94.7 million – Lark Health – Lark got its start in 2011. It raised about $55 million a little less than a year ago. “Lark is the fun, friendly, digital weight loss coach that not only cheers you on to eat healthier and get more active, but it also gives you great rewards like a connected smart scale and Fitbit activity tracker.” Site

$18.3 million – Inspire – Inspire runs patient communities that boast a total of 2 million members. It works with health associations to assist in clinical trial recruitment and product marketing. It also offers some real world evidence products. Site

$10 million – Spark Health – This Medicare enrollment navigation startup just raised a couple million in its seed round about six months ago. “Our experienced licensed agents are experts on all the Medicare options available in your community, and they use Spark’s technology to simplify and streamline your enrollment process.” Site

$4.4 million – Mindful Care – Mindful Care offers both in-person and virtual care in three states: Illinois, New Jersey, and New York. The company offers online, video call-based group therapy sessions too. Site

$3 million in options and other securities – Orderly Health – Orderly has been up and running since 2015 and is led by a former product manager of gaming company Electronic Arts. “Orderly is a robust data management platform that is built with flexiblity in mind. Whether your goals are to reduce cost, improve patient experiences or improve compliance… we have an API for that.” Site

$2.8 million – Acclivity Health – “Our Connected Care platform utilizes analytics, machine learning, and workflow management to uncover insights needed to avoid unnecessary emergency department and hospital stays. By shifting the setting of care to the home or community, palliative care and hospice improve quality of care and reduce health care spending for America’s sickest and most costly patient populations.” Site

$1.4 million – JogoHealth – Jogo offers its digital therapeutic via its own virtual clinic as well as through provider partners. “JOGO uses an app and wearable technology that leverage AI and VR to treat pain and neuromuscular conditions by providing treatment protocols and games that can be adapted for muscle relaxation, movement coordination, and neuromuscular re-education, using the clinically proven science of neuroplasticity.” Site

$1.3 million – Redi[dot]Health – Redi offers a patient-facing app with personalized health information, a symptom tracker, medication adherence tools, and a personal health record. It also offers provider-facing software. “Redi.health believes every patient has the ability to overcome today’s healthcare barriers if they are given the right tools. We empower patients to thrive in all aspects of their health journey but focus on three primary barriers.” Site

$1 million – CoRead AI – Here are two snippets from the company’s site: “Our algorithms analyze the images and reports from radiology exams and flag studies with a high probability of error for peer review.” and… “Our algorithms provide a layer of protection for known radiologist blind spots.” Site

$500,000 in options – endear Health – This company is keeping quiet still. It offers a few snippets of what it’s up to online: “Simplifying the healthcare experience for Medicare Eligibles.” and “Bringing consumer experiences to Medicare.” Its two co-founders are Castlight strategy team alums. Site

Health Tech Rebus Puzzle

Here’s how to play: This kind of puzzle is called a Rebus. Write down or think of the word for what’s pictured in each box as a starting point. Then swap letters (if you see =), or remove letters (when you see -), or add letters (when you see +) at the beginning, middle, or end of the words as noted. Then sound it out.

Hit reply if you know! (And let me know where to link if you want me to include your name in next week’s newsletter…)

Hint: If you are a paid subscriber to E&O, this is a topic I’ve been writing about on Fridays recently…

That’ll be the end of E&O Mondays Issue 039.
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